With business interruptions this spring due to COVID-19, the Ontario government has revised the Class A eligibility rules for the 2020-2021 adjustment period. This change helps consumers to maintain their Class A eligibility starting July 1, 2020.
The Ontario Regulation 429/04, Industrial Conservation Initiative (ICI), will now calculate the consumer’s average annual peak demand based on either the regular 12-month base period of May 1, 2019 to April 30, 2020, or use a shortened 10-month base period of May 1, 2019 to February 29, 2020. The new ICI rule allows consumers to still qualify for this year’s Class A program even though demand has dropped below the threshold for the May 1, 2019 – April 30, 2020 base period.
Market participants will still qualify for Class A if they have met the required threshold if the base period had ended on February 29, 2020.
The IESO has issued letters to market participants to inform them of their Class A eligibility, as well as their peak demand factor. June 15 is the deadline for participants who need to opt-in.
If you would like more information on how to minimize your Global Adjustment costs, please contact one of Rodan’s Energy Analysts at info@rodanenergy.com.
